Sale of main residence

If your property is your main residence in Luxembourg

• The capital gain realised is not taxable,
• You only need to complete the first page of Form 700.

If this is not your primary residence in Luxembourg

When selling a property, there are two possible scenarios depending on the length of time between purchase and sale:

• Short-term sales: (under 2 years): Profit from the sale is treated as speculative gain and taxed at your regular income tax rate.
• Capital gains: if the sale takes place after more than two years, the capital gains are calculated by taking into account a revaluation of the purchase price using the legal revaluation coefficients, then taxed at a quarter of the overall rate.

Applicable allowances

• Every 10 years, a tax allowance of 50.000€ is granted, doubled to 100.000€ for couples who file jointly.
• In the event of inheritance, a special allowance of 75.000€ applies if the property was the parents' main residence.

Simplify your tax return with taxx.lu

taxx.lu helps you:

• Easily complete Form 700 without errors,
• Automatically apply the tax relief you are entitled to,
• Recalculate the current value of the property taking into account the official revaluation coefficients,
• Optimise your tax return to minimise your tax liability.